Baxter International Inc (BAX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,847,000 | 15,164,000 | 12,731,000 | 23,192,000 | 22,616,000 |
| Receivables | US$ in thousands | 2,880,000 | 2,848,000 | 2,828,000 | 2,240,000 | 2,036,000 |
| Receivables turnover | 5.16 | 5.32 | 4.50 | 10.35 | 11.11 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $14,847,000K ÷ $2,880,000K
= 5.16
Baxter International Inc.'s receivables turnover has displayed some fluctuation over the past five years. The ratio peaked at 5.99 in 2019 before declining to 4.86 in 2021, indicating a less efficient collection of receivables during that period. However, the company managed to improve its receivables turnover to 5.68 in 2022 and further to 5.51 in 2023, suggesting a better performance in collecting outstanding receivables in those years. Overall, Baxter International Inc. has maintained a relatively stable level of receivables turnover, with some variations that may be influenced by factors such as changes in credit policies, payment terms, or customer base.
Peer comparison
Dec 31, 2023